It’s Not Just Corn, U.S. Farmers May Forgo Near-Record Soy Acres
American farmers, already set to leave a record number of acres without corn, now face the prospect of also failing to plant soybeans because of rampant rainfall.
Growers are expected to file insurance claims on 2.2 million unplanted soybeans acres, or about 890,000 hectares, according to the average estimate among analysts. While some farmers still have time to plant, the estimate would be just below the record of 2.23 million acres that couldn’t be plant with soy in 2015.